Finacial Statement for Tire City Inc.

For the year ended 12/31 1995 % OF1995 AS BASE FOR NEXT TWO 1996
INCOME STATEMENT
Net Sale $23,505 100% $28,206
cost of sale 13612 0.58 16360
Gross Profit 9893 0.42 11846
selling and admin expenses 7471 0.32 8965
Depriciation 213 0.009 256
Net interest expense 94 0.004 113
Pre- tax income 2115 0.08 2512
income tax 925 0.43 1100
Net Income 1190 0.05 1412

Dividends 240 0.01 285

BALANCE SHEET
Assets
cash 706 .03 GIVEN 846
Account Receivable 3652 0.55 5220
Inventories 2190 0.35 1625
Total Current Assets 6548 .71 OF THE TOTAL ASSETS 7691
Gross plant and equipment 4163 5340
Accumulated Depriciation 1728 2199
Net plant & equiptment 2435 .29 OF TOTAL ASSETS 3141
Total Assets 8983 100 10832

LIABILITIES
Current Material of long term debt 125 AMOUNT OF INSTALMENT GIVEN 125
Account Payable 1440 0.45 1720
Accured Expenses 1653 0.52 1980
Total Current Liabilities 3218 .35 OF TOTAL IABILTIES 3825

long Term debt 750 LAST REMAINING PLUS CURREN BO 865

Common Stock 1135 1135

Retained earning 3880 5007
total S.H Equity 5015 0.52 6142
Total Liabilities + Owners.Equity 8983 100 10832

SUBMITTED TO MISS H
SUBMITTED BY SHAHID SALEEM
 1997

$33,847
19631
14216
10831
307
136
2942
1265
1677

342

1015
5583
3552
10150
7048
2902
4146
14296

125
2736
3218
6079

740

1135
6342
7477
14296

UBMITTED TO MISS HINA

BMITTED BY SHAHID SALEEM (034)